United Bank for Africa plc (UBA) plc has announced 13.3 per cent increase in profit for 2019 financial year ended December 31, 2019.
The audited results posted on the Nigerian Stock Exchange (NSE) website showed that profit moved from N78.61billion in 2018 to N89.1billion in 2019.
The pan-African bank profit before tax als gained 4.2per cent to N111.3billion in 2019 compared to N106.8billion reported in 2018.
Interestedly, UBA’s total assets crosses the N5trillion mark to N5.6trillion in 2019, 15 per cent increase over N4.87trillion reported in 2018.
…more details later